By Bradley Foster, \Global Head of Content at Bloomberg L.P.
In the modern marketplace data is king. It is omnipresent, growing, and a key differentiator for those who know how to interpret it. The challenge now for businesses is to determine how they will successfully manage and analyze this expanding universe of data.
Enter the CDO. Within the last decade, businesses—particularly in the financial industry—have seen the role of the Chief Data Officer (CDO) originate and begin to evolve. Many firms have established the position as a beachhead for combating rapid data expansion. Yet the newness of the position has led to some confusion. What does a CDO do? What are their best practices? What priorities and challenges do they face?
At Bloomberg we are not only intrigued by these questions, we seek to understand how we can shape the answers and lead change in the industry. How can we support the CDO’s endeavors? How can we foster a more managed and insightful world of data? How can our commitment to superior data quality support these inquiries?
It is in service to these ideas that we present the following research on The New and Expanding Role of the Chief Data Officer. While questions certainly remain, we hope this will serve as an informed starting point for an ongoing discussion. I invite you to review our research and to continue the conversation. Thank you.
Bradley Foster, Global Head of Content at Bloomberg L.P.
